Ares Capital Co. (NASDAQ:ARCC) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.38 per share by the investment management company on Friday, December 29th. This represents a $1.52 dividend on an annualized basis and a yield of 9.21%. The ex-dividend date is Thursday, December 14th.
Shares of Ares Capital (NASDAQ:ARCC) opened at $16.50 on Wednesday. Ares Capital has a 12-month low of $15.48 and a 12-month high of $17.87. The firm has a market capitalization of $7,021.15, a PE ratio of 11.44, a price-to-earnings-growth ratio of 3.98 and a beta of 0.63. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.29 and a quick ratio of 1.29.
Ares Capital (NASDAQ:ARCC) last announced its quarterly earnings results on Thursday, November 2nd. The investment management company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Ares Capital had a return on equity of 8.60% and a net margin of 45.78%. The company had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $295.02 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. sell-side analysts expect that Ares Capital will post 1.38 EPS for the current fiscal year.
In other news, Director Michael J. Arougheti purchased 8,365 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was purchased at an average price of $15.85 per share, with a total value of $132,585.25. Following the acquisition, the director now directly owns 937,054 shares in the company, valued at approximately $14,852,305.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 8,965 shares of company stock valued at $142,323. Insiders own 0.45% of the company’s stock.
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Ares Capital Company Profile
Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies.
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